Australia: Transaction Reports and Analysis Centre ordered Binance to appoint external auditor over concerns of non-compliance with anti-money laundering and counter-terrorism financing regulations
Description
Transaction Reports and Analysis Centre ordered Binance to appoint external auditor over concerns of non-compliance with anti-money laundering and counter-terrorism financing regulations
On 22 August 2025, the Australian Transaction Reports and Analysis Centre (AUSTRAC) directed Investbybit, which operates Binance in Australia and is a registered digital currency exchange provider, to appoint an external auditor within 28 days after…
Scope
Policy Area
Consumer protection
Policy Instrument
User identification requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body